Auction  Details

Proven Trust

Proven Experience

Proven Results

Auction Dates

Starts: Sat, Nov 23, 2013 10:00AM

Ends: Sat, Nov 23, 2013 10:00PM

Description

ABSOLUTE AUCTION

THE LATE ROBERT (BUDDY) HICKS ESTATE

PRIME COMMERCIAL ACREAGE * FORMERLY HICKS TRUCK BROKERS

 

SELLING; +/-30.7 COMMERCIAL ACRES WITH 3 HOMES

+/- 32,000 SQ. FT. OF COMMERCIAL BUILDING FLOOR SPACE!

 

I-24 FRONTAGE WITH VERY HIGH TRAFFIC VISIBILITY! * 6 TRACTS!

SELLS TO THE HIGHEST BIDDER/S REGARDLESS OF AMOUNT!

ATTENTION INVESTORS * DEVELOPERS *CONTRACTORS REPAIR SHOPS * BUILDERS * AUTO INDUSTRY * HOME BUYERS & MORE!

WHEN: SATURDAY NOVEMBER 23RD @ 10 A.M.

WHERE: 4750 Old Mayfield Rd. Paducah, KY 42003

Preview at 8 A.M. on the 23rd.

  • Auction held on site indoors in heated building! Drinks & snacks available.
  • Preview property on Saturday November 16th from 3:00 – 5:00 pm. All other showings by appointment only.

DIRECTIONS: From I-24 Exit 7 (Lourdes Hospital exit) go southwest onto US 45/Lone Oak Rd. turning left onto KY 3074/Bleich Rd. at Kmart. Then proceed 1.9 miles, turn left onto 994/Old Mayfield Rd. at Bellview Baptist Church. Go 0.2 miles arriving at auction site on the right. Signs posted.

REAL ESTATE: Consider this highly desirable commercial property offered in 6 tracts separate or combined. This property is a multi usable property with enormous flexibility potential. With 3~homes and 9 shop buildings you could walk to work every morning. This property is commercially grandfathered. This means that the new owner/s may continue comparative commercial activity immediately upon closing and transfer of deed. UrbanResidential Zoning permissive as well. Shop buildings may contain but are not limited to pole structure design, engineered trusses, metal exterior, concrete floors, tall ceilings, tall overhead doors, plenty of electrical service, attached pneumatic drop airlines, tank air compressors, office space, heat & air conditioning, separate natural gas and power meters, bathrooms, storage, large amounts of working floor space & much more! Over 1,800 ft of Interstate 24 visibility!

Meters per tract: Tract 1: 1 meter, Tract 2: 2 meters, Tract 3: 1 meter, Tract 4: no meter but meter base is present, Tract 5: 1 meter, Tract 6: no meter

TRACT 1 - HOME #1: Consider this 2 story home with 3 bedrooms, 3 baths, an inground swimming pool. The home has gambrel roof with dimensional shingles, +/- 20’x 20’ carport, covered front porch, vinyl siding, security lights, & asphalt drive. The inside of the home has hardwood flooring in great room, carpet in all bedrooms, & tile flooring in kitchen with cherry finished wood cabinets. Bedroom sizes: BR 1 +/- 13’4”x +/-17’6” with master bath, BR 2 upstairs is +/- 21’x +/- 21’9” with a master bath, BR 3 upstairs is +/- 13’x +/- 15’. There is central heat & air, a 200 amp circuit breaker panel, electric water heater, and paneling throughout home. The 16’x 32’ in ground pool is surrounded by a washed aggregate sidewalk and has a large +/- 15’x +/-24’ deck that wraps around the house with a retractable awning & a wooden privacy fence, etc.

TRACT 2 - BUILDING #1: Building 1 is +/- 47’x +/-140’ with 3 overhead doors, 1 sliding door, & 2 entrance doors with built in office and a +/- 28’x +/-47’ covered enclosure on 3 sides attached to shop. Inclusive 3 work bays, wash pit, electric heat, & concrete floors. The building has 200 amp electric service, 14 ft ceilings, and pneumatic airlines in place. Overhead door is +/12’6”x+/-15’6”, sliding door +/- 14’x+/-16’ on front of building, & +/- 12’x+/-12’ sliding door on back of building.

TRACT 2 - BUILDING #2: Building 2 is +/- 60’x+/-127’ with10 ft ceilings, storage bays, plenty of shelving, office in front with window air conditioner & kitchen & bathroom in rear of building. There is also a 200 amp electric service, +/- 9’x+/-12’ overhead door.

TRACT 2 - BUILDING #3: Building 3 is +/- 47’8”x+/-103’8” with 14 ft. ceilings, 2 bays & large warehouse floor space. The building also has a +/- 14’x+/-16’ sliding door, +/-11’x+/-12’ overhead door & a +/- 12’5”x+/-15’ overhead door.

TRACT 2 - BUILDING #4: Building 4 is +/- 31’x+/-231’, 11 bays with10 overhead doors, walk through connecting doors between every bay, security lighting around building.

TRACT 2- BUILDING #5: Building 5 is +/- 21’x+/-35’ office building located at main entrance with central HVAC, 3 tab shingle roof, 2 entrance doors, 5 windows across the front of building with 3 side windows, concrete floors, bathroom, florescent lighting, & natural gas.

TRACT 3 – HOME #2: Consider this 3 bedroom 2 bath home consisting of a bay window in dining room, laundry room with washer & dryer hook up, linoleum flooring in kitchen with oak cabinets, plenty of counter space, Frigidaire cook stove, Kenmore dishwasher, and a Kenmore refrigerator. There is central HVAC, casement & double hung windows, gas water heater, 200 amp breaker box, & carpet in bedrooms. Bedroom sizes: BR1 +/- 11’x+/-13’ with master bath, BR 2 +/-10’x+/-16’, BR3 +/-11’x+/-13’ with master bath. The exterior consists of 3 tab shingles, wood siding, covered porch, washed aggregate side walk, central HVAC system, front and rear exit doors, attractive front yard with landscaping & shade trees, +/- 20’ x +/-20’ carport, for vehicles, etc.

TRACT 3 – BUILDING #6: Building 6 is +/- 24’x +/-36’ with 2 +/-8’x+/-10’6” sliding doors, 1 walk through door, security lights, fuse box electrical service, concrete floor, pole structure, engineered trusses, fluorescent lighting, 9 ft. ceilings.

TRACT 4 - BUILDING #7:Building 7 is +/-24’x +/-32’ pole structure with metal exterior, engineered trusses, steel I-beam monorail system at ceiling height, electrical service, concrete floor, 8 ft. ceilings, one entrance door with +/-8’x+/-10’ sliding door, etc. BUILDING #8: Building 8 is +/- 32’x+/-56’ pole structure with engineered trusses, concrete floor, florescent lights, 3 +/-9’x+/-12’ overhead doors.

TRACT 5 BUILDING #9: Building 9 is +/- 24’x+/-36’ office building with 2 entrance doors, one +/-9’x +/-12’ overhead door with opener, bathroom, wash pit, 200 amp electrical service, central heat, finished office space, asphalt parking in front of the building.

TRACT 5 – HOME #3: Consider this 2 bedroom 1½ bath home. The living room is carpeted and there is hardwood flooring in the kitchen, dining room, and bedrooms. Other amenities include a Whirlpool refrigerator, 2 washer & dryer hookups, gas fireplace w/oak mantle in living room, stained glass window and bay window in kitchen and a Luxaire Central HVAC furnace with Performance Plus compressor . This home also has a paved driveway, +/-20’x +/-20’ carport, washed aggregate sidewalk & porch, wood drop siding, covered front porch, mature landscaping, exterior light timer, 3 tab shingles on roof all situated in a rustic wooded setting.

TRACT 6: +/-18.6 Acres. Mostly wooded with some tillable. This tract is primed and ready for development, construction or expansion of the existing complex.

Real Estate Terms of Auction: 15% good faith deposit on individual tracts with a 10% good faith deposit on entirety & combinations. Balance due in 30 days. 10% buyer premium added to final bid and included in the total contract price. Bank letter of credit required if unknown by Auction Co. Bidders are responsible for their own inspections and verifications on subject property.

Procedure: Property will be offered in tracts and combinations totaling +/-30.7 acres. Initial procedure determined by auctioneer with opening bids on individual tracts, tract combinations and property entirety.

Title: Fee Simple Absolute title delivered.

Deed: Seller will provide a General Warranty Deed.

Purchase Agreement: Successful bidder/s will enter into a purchase agreement contract immediately upon conclusion of the auction.

Possession: Possession given at closing.

Restrictions: County zoning. Commerically grandfathered

Easements: Sale of property is subject to any and all easements of record.

Absence of Warranties & Disclaimer: All information contained herein and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own inspections, verifications, investigations, inquiries, and due diligence concerning the property. The information contained herein is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or the Auction Company. Conduct of the auction and increments of bidding are at the discretion of the auctioneer. The sellers and selling agents reserve the right to preclude any person from bidding if there is any question regarding the person’s credentials, fitness, etc. All decisions of the auctioneer are final.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTSMADE. AUCTION COMPANY OR OWNER IS NOT RESPONSIBLE FOR ACCIDENTS.

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